SINGAPORE, Nov. 8, 2022 /PRNewswire/ Cobo successfully stopped a hacking attempt on Deribit's assets in Cobo's custody after receiving a withdrawal request from the exchange. On the 2nd of November 2022, at 1:03 am UTC, Cobo's risk control system automatically detected the anomaly in the request and notified Deribit, whereby withdrawals were halted after that. With nearly USD 2 billion worth of crypto stolen by hackers this year in the Web3.0 industry, the security of platforms and protocols is becoming salient. "With the rise in the number of hacks in the decentralized space, it is extremely important for platforms to make their users feel secure. With just a single breach, some users might lose trust in the security of the platform", said Dr Jiang Changhao, CTO and Co-Founder of Cobo. "We will also actively cooperate with Deribit and assist in hacking-related investigations", he added. Cobo is currently working on the hack investigation, per Deribit&